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Medical Valley EMN & MEDTEQ+ partnering to boost internationalization of healthcare innovations
June 17th, 2021
The existing soft-landing activities of Medical Valley and MEDTEQ+ are further strengthened through a strategic partnership of these two healthcare innovation experts. This partnership will facilitate access for companies to the Canadian and vice versa German market and accompany them on their way to successfully establishing their business abroad.
Through their similar mission to drive innovation and commercialization for economic development and quality of life improvement, Medical Valley and MEDTEQ+ both have a strong network focused on healthtech and digital health.
As Canada is a world leader in AI, this is a great opportunity for German companies to collaborate with this ecosystem in co-developing and commercializing AI-based healthtech solutions. Since Medical Valley is part of the Digital Health Hub Nürnberg-Erlangen with a very strong focus on digitalization in medicine as well as various projects in the field of AI, the fact that an AI hub of excellence is located in Canada, and Montreal in particular, indicates very promising opportunities for this cooperation.
“I am delighted that Medical Valley and MEDTEQ+ are formalizing their cooperation. Since 2019 the Bavarian Minister of Science and the Minister for Digital Affairs, as well as Medical Valley, have visited Montreal with its companies, universities, and Life Science experts to see first-hand how thriving the AI and Digital Health sector is in Montreal. Bavaria is the second largest state for MedTech companies in Germany and I believe the complementary expertise of both regions will contribute to new innovative projects and solutions in the field of health care. More good news on the subject will follow before the end of the year”, said Benjamin Emans, Director of the State of Bavaria Montreal Office..
“This collaboration between Medical Valley and MEDTEQ+ stemming from growing dialogue over the past years, will offer great opportunities to Canadian and German companies in terms of new markets, funding and support. Medical Valley has strong expertise in digital health, which will lead to new exciting collaborative projects between our ecosystems, and will also benefit our Quebec AI companies”, stated Diane Côté, CEO of MEDTEQ+.
“We are very happy about the official start of our already existing partnerships. We are constantly searching for trustful partners with the same mind-set to support rising medical technologies. With MEDTEQ+ we have found an ideal partner to strengthen our high-level capabilities in digital health and AI in Medtech. The Beachhead Program is the perfect gateway for German and Canadian companies to accelerate their time-to-market for innovations”, said Benjamin Stöcklein, Head of International Services of Medical Valley EMN e. V.